Saying the that word has clearly been on the Australian babe's mind for quite some time. In April, she told Yahoo!'s WHO magazine, "Marriage and having kids are right around the corner."

Webber, 33, already has one son, Isaac Love, 5, who lives with the happy couple when they are in Los Angeles. According to WHO, they'll split their time between Los Angeles and Palmer's native Australia.

Last week, rumors swirled that the loved-up duo was ready to tie the knot after the blond beauty was spotted out with a silver band on her ring finger. However, her rep confirmed that the ring in question was not an engagement ring, but actually a movie prop.

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The ring that sparked engagement rumors. (Splash News)

"She is engaged, however the ring in the photo is not her engagement ring," her rep told E! News. "She is wearing the ring from her film until she gets the real one back from being sized."

Perhaps the new bling was from the set of her new flick, "The Ever After," which is being directed by and co-stars her main squeeze.

Palmer previously dated "Felicity" actor Scott Speedman for more than a year and has also been linked to Topher Grace and Australian football player Stuart Dew.